Kuwait Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035
Kuwait Power Market Report Overview
The total power consumption in the Kuwait power market was 65 TWh in 2021. The consumption is expected to increase backed by demand from residential and industrial sectors at a CAGR of more than 3% between 2021 and 2035.
The Kuwait power market research report discusses the power market structure of Kuwait and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. A detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. Moreover, an analysis of the deals in the country’s power sector is also included.
Kuwait Power Market Outlook
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Kuwait Power Market Dynamics
Thermal power is the primary source of electricity in Kuwait. Within thermal power gas-based thermal is the dominant source followed by oil-based thermal. Kuwait is almost entirely dependent on fossil fuels for its energy requirements and electricity consumption is expected to triple by 2030. To diversify its energy mix, the Kuwaiti government has set a target to increase the share of renewable generation to 15% by 2030
In 2017, the government of Kuwait adopted the Kuwait Vision 2035 focused on economic reform empowering the private sector and boosting regional trade and investment. One of the primary objectives of Kuwait Vision 2035 includes upgrading infrastructure and diversifying the economy away from the oil industry. The Ministry of Electricity & Water & Renewable Energy is responsible for formulating policies and strategies for the power sector in Kuwait. The major objectives of the ministry are to secure the demand for electricity, promote the use of renewable sources, and encourage the participation of the private sector in the power sector among others.
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Kuwait Power Market Segmentation by Sectors
The key sectors in the Kuwait power market are the residential sector, industrial sector, commercial sector, and others. In 2021, the residential sector had the largest share in Kuwait’s power consumption market.
Kuwait Power Market Analysis by Sectors
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Kuwait Power Market Segmentation by Technology
The key technology segments in the Kuwait power market are gas, oil, solar thermal, solar PV, and onshore wind. Gas-based thermal capacity dominated the energy mix followed by oil-based thermal.
Kuwait Power Market Analysis by Technology
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Kuwait Power Market - Competitive Landscape
Some of the leading power generating companies in the Kuwait power market are Ministry of Electricity and Water, Kuwait (MEW), Kuwait Authority for Partnership Projects, Sumitomo Corp., Engie SA, A.H. Alsagar & Bros Co., and others. Ministry of Electricity and Water, Kuwait (MEW) accounted for the highest Kuwait power market share in 2021.
Ministry of Electricity and Water (MEW): Ministry of Electricity and Water (MEW) is an electricity and water utility service provider. MEW also issues directives and instructions on matters related to energy conservation and rationalization. The ministry offers customer services such as the provision of permits for water and electricity supply connections, chemical works, designing water projects, and online services for payment of electricity and water consumption bills.
Kuwait Power Market Analysis by Companies
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Kuwait Power Market Report Overview
Market Size (2021) | 65 TWh |
CAGR | >3% |
Key Sectors | Industrial Sector, Residential Sector, Commercial Sector, and Others |
Key Technology | Gas, Oil, Solar Thermal, Solar PV, and Onshore Wind |
Leading Players | Ministry of Electricity and Water, Kuwait (MEW), Kuwait Authority for Partnership Projects, Sumitomo Corp., Engie SA, A.H. Alsagar & Bros Co., and others |
Scope
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector
- Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast to 2035
- Capacity, generation, and major power plants by technology
- Data on leading active and upcoming power plants
- Information on transmission and distribution infrastructure, and electricity imports and exports
- Policy and regulatory framework governing the market
- Detailed analysis of top market participants, including market share analysis and SWOT analysis
Reasons to Buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy, and prospects
Key Players
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The total power consumption in Kuwait was 65 TWh in 2021.
The power consumption in Kuwait is expected to increase at a CAGR of more than 3% from 2021 to 2035.
The key sectors in the Kuwait power market are the industrial sector, residential sector, commercial sector, and others.
The key technology segments in the Kuwait power market are gas, oil, solar thermal, solar PV, and onshore wind.
Some of the leading power companies in Kuwait are Ministry of Electricity and Water, Kuwait (MEW), Kuwait Authority for Partnership Projects, Sumitomo Corp., Engie SA, A.H. Alsagar & Bros Co., and others.
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